Fragasso Financial Advisors Inc trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,218 shares of the business services provider's stock after selling 1,099 shares during the quarter. Fragasso Financial Advisors Inc's holdings in S&P Global were worth $5,587,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of S&P Global by 13.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider's stock worth $1,809,000 after purchasing an additional 487 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in S&P Global in the second quarter valued at approximately $911,000. Wealthspire Advisors LLC increased its stake in shares of S&P Global by 21.1% in the second quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider's stock worth $300,000 after buying an additional 117 shares during the period. Plato Investment Management Ltd boosted its position in S&P Global by 26.6% during the 2nd quarter. Plato Investment Management Ltd now owns 5,406 shares of the business services provider's stock valued at $2,411,000 after buying an additional 1,137 shares during the period. Finally, Rathbones Group PLC raised its stake in shares of S&P Global by 3.5% during the second quarter. Rathbones Group PLC now owns 492,399 shares of the business services provider's stock valued at $219,610,000 after acquiring an additional 16,655 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Performance
SPGI stock traded down $0.56 during trading on Monday, reaching $482.16. The stock had a trading volume of 1,461,761 shares, compared to its average volume of 1,322,052. The stock's 50 day moving average is $504.66 and its two-hundred day moving average is $499.88. The firm has a market cap of $149.61 billion, a PE ratio of 42.56, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.
S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $3.21 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SPGI shares. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price target for the company. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a report on Monday, October 28th. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $583.62.
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S&P Global Profile
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Free Report)
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.
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